Mei Ri Jing Ji Xin Wen·2025-10-17 02:07Core Viewpoint - The Hong Kong stock market is experiencing a collective decline, particularly in the Hang Seng Technology Index, which has dropped over 2%, with significant weakness observed in tech stocks [1] Group 1: Market Performance - The Hang Seng Technology Index ETF (513180) is following the index's downward trend, with major holdings like Horizon Robotics, Huahong Semiconductor, and SMIC leading the decline, while NIO and Haier Smart Home show gains, with NIO rising over 4.5% at one point [1] - As of October 16, the latest valuation (PETTM) of the Hang Seng Technology Index ETF (513180) is 22.88 times, which is at approximately the 28.79% valuation percentile since the index's inception, indicating that over 70% of the time, valuations have been higher than the current level [1] Group 2: Legal Issues and Company Response - The Singapore Government Investment Corporation (GIC) has filed a lawsuit against NIO, alleging that the company inflated revenue and profits, misleading investors and causing GIC to incur investment losses [1] - NIO's stock fell nearly 9% by the end of trading on the previous day, and the company responded by stating that the lawsuit is not a new issue but stems from a short-selling report released by Grizzly Research in 2022, asserting that an independent internal investigation found no factual basis for the allegations [1] Group 3: Investment Opportunities - The Hang Seng Technology Index remains in a historically undervalued range, with characteristics such as high elasticity and high growth potential, suggesting greater upward momentum [1] - Investors without a Hong Kong Stock Connect account may consider using the Hang Seng Technology Index ETF (513180) to gain exposure to core Chinese AI assets [1]